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Economy

House price falls steady
4 October 2022
House price falls steady

While national home prices are declining, new data revealed that the spike in September property sales kept price falls steady.

Household wealth tumbles
3 October 2022
Household wealth tumbles

Household wealth fell for the first time since the beginning of the pandemic, coinciding with cost-of-living pressures and rising interest rates.

Home values peak has ‘come and gone’, says report
3 October 2022
Home values peak has ‘come and gone’, says report

The peak-profit period has passed for Australia’s housing market, a new report reveals.

Industry to weigh in on ASIC funding model
30 September 2022
Industry to weigh in on ASIC funding model

Industry participants have less than a month to have their say on ASIC’s controversial industry funding model.

5 regions to get a boost from renewable energy boom
30 September 2022
5 regions to get a boost from renewable energy boom

Australia is on the verge of a renewable energy boom and an expert has named five regions set to reap benefits from the infrastructure pipeline that comes with it. 

‘Records broken’ as broker market share rises
30 September 2022
‘Records broken’ as broker market share rises

Almost 70 per cent of mortgages in Australia were being written by brokers earlier this year, according to the MFAA’s latest Industry Intelligence Service report.

Inflation data no ‘smoking gun’: AMP economist
29 September 2022
Inflation data no ‘smoking gun’: AMP economist

As Australia’s annual consumer price index has dropped to a rate of 6.8 per cent in August from 7 per cent the month earlier, economists review their cash rate predictions.

Over 80% expect 50-bp hike next week
29 September 2022
Over 80% expect 50-bp hike next week

With another 50-bp rate rise increasingly likely, one economist has warned that the Reserve Bank is putting the economy at risk.

ASIC nudges banks to pay outstanding $1.6bn in remediation
29 September 2022
ASIC nudges banks to pay outstanding $1.6bn in remediation

The corporate regulator has reminded the finance sector of the whopping debt owed to millions of consumers, by updating its guidance.

Expanded CDR to give customers more control 
28 September 2022
Expanded CDR to give customers more control 

The Treasurer has expanded the CDR draft legislation to give customers more control on how they manage their data.